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More and more Dutch people are taking over their existing loan (s). In this way they benefit from lower monthly payments and more benefits from re-transfer.

Borrowing money becomes cheaper

Not only is the mortgage interest rate falling, but also the interest rate for a consumer credit. This means that you can now borrow money cheaper for a consumer purchase, for example a car. Was the lowest interest rate for a personal payday loan of € 10,000. still at 8.3% in 2011 (source: Moneyview). In 2018 this interest rate fell to 5.1% (source Cratchit family).

Transfer existing loan

Consumers who already have a loan can also benefit from the low borrowing rate. By taking over your existing loan you can reduce the monthly payments or shorten the term. When transferring, you take out a new loan with which you can pay off the old loan on new and better terms.

Just like when you take out the mortgage.

You usually do not pay a fine for transferring a consumer credit. With a revolving credit, overdraft on a payment account, a credit card or a mail order credit you can pay off without penalty. A fine is charged for some personal loans but this may not exceed 1%.

That is different with the penalty interest of a mortgage. In addition, the transfer of a consumer is quickly arranged because there is no advice and notary involved.

Transfer existing loan in 4 steps:

Collect the details of your current loan (s). Also consider mail order credits, overdraft and credit cards.

Compare all loans and choose a new lender.

Request 1 or more quotes for your current loan (s).

Choose the cheapest payday loan and save.

Extra benefit with loan refinancing

In addition to lower monthly charges, rescheduling a loan has the following benefits:

Standing in red, credit card and mail order are expensive loans. A revolving credit is cheaper for extra spending room.

By combining several (small) loans, your savings will increase. It is also easier to keep an overview with a loan.

Refinancing offers the opportunity to update the terms of the loan. These too have improved in recent years.

In general, the older the credit, the greater the chance that you can save on this.

It is also possible to opt for a longer duration. This can additionally lower your monthly costs.

An accident happened faster than you think. Illness also dares to ruin our lives at the most unexpected moments. And as if these personal setbacks are not enough, they are often accompanied by a loss of income.

Those who only have to fall back on social security risk running into financial problems. It is therefore recommended to take out additional insurance against loss of income following incapacity for work. This can be done perfectly, for example, by linking an additional guarantee to your debt balance insurance. Discover the options here!

Insuring against loss of income: a perfect supplement to statutory reimbursements

If, due to adversity such as illness or disability, you are left without a job, you are of course entitled to benefits within the legal framework of social security. However, this benefit is limited and often not sufficient to meet your personal financial needs . By insuring you additionally against loss of income , you get rid of that uncertain factor in your career.

To enjoy that extra protection, you can take out a guaranteed income insurance, but there are other options. Do you have a home loan or other loan ? Then it is worth taking out an additional guarantee on top of your debt balance insurance. Also with this you can protect yourself perfectly against loss of income!

Additional guarantees: not mandatory, but interesting

While a balance insurance only covers death and is therefore primarily aimed at the financial protection of your relatives , additional guarantees are a security for the entire family , including yourself! These are therefore additional insurance policies linked to your debt balance insurance (and therefore cannot be taken out separately without a debt balance insurance).

These guarantees are not mandatory, but they are strongly recommended, since social security is less and less guaranteeing a carefree future .

Insure yourself against loss of income

To insure yourself against loss of income, you have the choice of two guarantees:

Additional guarantee “Incapacity for work” : maintains your standard of living when you are no longer able to carry out your job due to illness or accident.

“Involuntary Unemployment” additional guarantee : indemnifies you from headaches if you suddenly run out of work. No superfluous luxury in times of economic crisis.

Do not hesitate to contact us for more information about these additional guarantees or about a general balance insurance. We are ready for you!

There is a lot involved when selling your house. What do you do with your mortgage, for example? Are you taking this with you, are you taking out the mortgage or are you completely repaying the mortgage? And what does it mean if you pay off your mortgage when you sell your house? In this article you can read how it works.

House sold mortgage repayment

You take out a mortgage for a home. This property serves as collateral for the mortgage loan. If you sell the house, then in theory you always repay your mortgage and possibly establish a new mortgage on the new house. A notary then writes the mortgage deed at the Land Registry and possibly registers a new mortgage deed for your new mortgage.

You also need a notary to arrange the repayment of the sale with the bank. The buyer does not actually pay you any money if he or she buys the property, because he or she also establishes a mortgage on the property. The notary arranges this for you. You submit a request for repayment to a notary and he requests the repayment bill from the bank. It contains all amounts due, such as interest and the outstanding debt itself. After issuing the mortgage deed, the notary ensures that the mortgage is fully repaid. You can then take out a new mortgage to finance your new home.

Tip! Instead of taking out a new mortgage, you can take the current mortgage to your new home. You then retain the conditions of the existing mortgage, but in fact you take out a new mortgage on the new home. This is advantageous, for example, if your current mortgage has a low interest rate and good conditions. In the article ‘ Take along a mortgage ‘ you can read all about the advantages and disadvantages of taking along your mortgage.

Penalty interest when selling a house?

The sale of your home is one of the exceptions where you never pay a penalty interest for extra repayments, just like the end of your fixed-rate period. That is why selling your home is a good time to take a critical look at your mortgage and compare it with other mortgages.

House sold, and now?

When selling a home you sometimes have to deal with surplus value. This means that the proceeds from the sale are higher than the outstanding mortgage when you sell the property, for example due to an increase in the value of your property or due to repayments. You have to put this surplus value in the new home. If you do not do this, you are not entitled to the mortgage interest deduction on this part of the mortgage loan.

An extra repayment on the mortgage increases the chance of surplus value, because you reduce the mortgage debt. It is then better to wait a little longer with extra repayments and at a later time to repay extra on the new mortgage or use your own money for the purchase of your new home.

Our debt to banks can sometimes be an overload on our backs. Our debts to different banks create multiple payments and monthly installment burdens. It is possible to apply to banks in order to close these debts in these days when we continue to borrow from day to day.

Provide a Loan Closing Loan

Banks can also provide a Loan Closing Loan to ease your hand. Consumer Loans , Vehicle Loans and Credit Card Debts can be transferred to totally different banks and can help us by gathering under one roof with interest rates starting from 1,17% . So, what are the banks that provide debt settlement loans? Current 2017 Campaigns.

Why should I use Debt Closing Loan?

It is not right for us to give you this kind of orientation so that you can close your debts. However, individuals who have different debts to different banks and want to collect them under a single roof will benefit significantly if they prefer this loan . Transferring all debts to a single bank will help you make your monthly payments. In addition, interest rates of debt settlement loans may be low.

What Documents Are Required?

Identification

Residence Certificate (If the records are up-to-date, fixed invoice for the last 3 months is sufficient.),

Salary Slip (required if pre-approval is not given)

If your income and your loan if i do not have a problem with your payment is in the bank and get pre-approval will be confirmed directly. However, it will be better for you if you can document your income in case of pre-approval.

Banks that currently have campaigns are listed in this way. You can make your applications through these banks. We will also mention the campaigns of the banks in detail.

Good Finance Bank

With an interest rate of 1.25% , Good Finance Bank provides debt settlement loans to its customers under the name of Debt Transfer Loan with maturity facilities up to 36 months . You can also start making your payments after 3 months in this campaign.

Good Lender

If there is no problem with your payments, you can combine your credit and credit card debts with interest rates starting from 1.23% under the roof of Good Lender .

Honest Bank

You can merge all of your debts (upper limit) limited with a maturity of only 18 months and TL 20,000 under Honest Bank. Like the other bank, Honest Bank offers payment after 3 months.

You can ask us all your questions and problems related to Debt Closing Loan in the comments section of the subsection.

Have you been renting an apartment with your partner for several years? Or are you a bachelor looking for more security? Then it may be time to buy a starter home. Specifically: an affordable house or apartment that allows you to enjoy your first place without financial problems.

At the same time, there are also some risks for the inexperienced prospective buyer. With the following tips you are well prepared for it!

Establish a clear budget

When you buy a starter home, you want it to be affordable in the first place. It is important to have a clear and realistic picture of your budget. How large is your own contribution and how much do you still need to borrow from the bank ? Can you possibly address parents or other family members for financial support? Always have enough financial breathing space to live comfortably. And don’t forget the following:

Make sure that at least the registration and notary fees are covered with your own contribution. This is also possible through the loan, but banks are less keen on that.

Once a concrete picture of your own contribution, it’s time for a visit to the bank or lender . That can already give you an idea of ​​the mortgage options. Tip: always do an online simulation in advance and compare!

Choose a starter home in a price category that is lower than your maximum budget . There are many extra costs (taxes, notary fees, insurance, etc.).

Aim for added value

In addition to an emotional purchase, a starter home is also an investment . You do not want to live there forever, but in the long term you want to exchange the starter home for a larger building. To keep your options as wide as possible, it is important to get rid of your first home for an additional cost. Two tips:

Are you an experienced handyman? Then it certainly pays to renovate an outdated building. Added value insured.

Buy your starter home preferably in a booming neighborhood . The value of the houses will only increase.

Debt balance insurance: also for the starter home

You better insure the purchase of a starter home – regardless of the budget. A debt balance insurance is already indispensable. This is not mandatory, but it is the guarantee for a carefree future for your relatives.

With a balance insurance, for example, you prevent your partner from getting into financial trouble if you should die suddenly. Depending on the percentage for which you are insured, the insurer takes over the repayment of the credit in part or in full from him or her.